Employer Services Assurance Corporation
- Assets
- $2.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 52-1935343
Organization Overview
Employer Services Assurance Corporation is located in Little Rock, AR. The organization was established in 1996. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employer Services Assurance Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Employer Services Assurance Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY ACCREDITATION OF PROFESSIONAL EMPLOYER ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMPLOYER SERVICES ASSURANCE CORPORATION ACTED AS THE STANDARD-SETTING AND ENFORCEMENT BODY FOR THE VOLUNTARY ACCREDITATION OF 44 FIRMS ENGAGED IN THE PROFESSIONAL EMPLOYER ORGANIZATION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd E Pete Fleming Director | Trustee | 0.3 | $10,000 |
Wayne Quigg Director | Trustee | 0.3 | $11,000 |
Robert Gross Director | Trustee | 0.3 | $11,500 |
Betty Patterson Director | Trustee | 0.3 | $10,000 |
Jay Morgan Director | Trustee | 0.3 | $9,500 |
Britt Landrum Immediate Past Chairman | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landrum Human Resource Companies Personnel Costs | 12/30/22 | $1,616,700 |
Alpha Suretyinsr Brkrge Llc Surety Bonds | 12/30/22 | $515,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,896,292 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,062,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $414,001 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,868 |
| Fees for services: Accounting | $28,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,388 |
| Office expenses | $14,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,589 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,295 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,236 |
| All other expenses | $80,056 |
| Total functional expenses | $2,752,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,066,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,388 |
| Net Land, buildings, and equipment | $9,353 |
| Investments—publicly traded securities | $49,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $844,805 |
| Total assets | $2,143,029 |
| Accounts payable and accrued expenses | $349,529 |
| Grants payable | $0 |
| Deferred revenue | $408,661 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $454,114 |
| Total liabilities | $1,212,304 |
| Net assets without donor restrictions | $930,725 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,143,029 |